The National Shipping Company of Saudi Arabia
Annual Report 2008
41
Consolidated Statement of Income For the year ended December 31, 2008 (InThousands Saudi Riyals)
2008
2007
Notes
17 17/18
2.594.530 (1.633.882) 960.648 (105.718) 854.930 (3.840) (4.292) (105.833)
1.703.294 (1.251.958)
Operating revenues Operating expenses Gross operating income General and administrative expenses Operating income Company’s share in (loss) profit of affiliates, net Other (expense) income, net Financing charges Profit before bunker subsidy, zakat, tax, and minority interest Bunker subsidy Profit before zakat, tax, and minority interest Zakat provision Tax provision Profit before minority interest Minority interest in consolidated subsidiaries’ net profit Net profit for the year Earnings per share from operating income (SR) Earnings per share from net profit for the year (SR)
451.336 (87.301) 364.035 81.210 71.648 (128.110) 388.783 56.640 445.423 (12.224) (6.195) 427.004 (4.428) 422.576 1.28 1.48
19
8 20 13
740.965 72.859 813.824 (40.211) (14.260) 759.353 (9.385) 749.968 2.71 2.38
14 14
21 21
Consolidated Statement of Changes in Shareholders Equity For the year ended December 31, 2008 (InThousands Saudi Riyals)
Unrealised gains
(losses) from investments in securities
Retained earnings
2.250.000 900.000 Paid-up Capital
Share premium
Statutory reserve
Hedging reserve
Particulars
Total
123.569 - - - 42.258 - - 165.827 - 74.997
3.004.619 900.000 524.416 422.576 - )225.000( 33.182 4.659.793 749.968 -
- - 524.416
662.114 - -
- - - - - - - - - -
)31.064( - - - - -
Balance at December 31, 2006 Increase in paid-up capital Share premium Net profit for the year Statutory reserve Dividends Unrealised gains from investments available-for-sale Balance at December 31, 2007 Net profit for the year Statutory reserve Hedging reserve for loans commission Dividends Unrealised gains from investments in financial instruments Balance at December 31, 2008
- - - -
- - -
422.576 )42.258( )225.000(
33.182 2.118
- 3.150.000
- 524.416
- 817.432 749.968 )74.997(
- -
- -
- -
- -
)5.024( -
- -
)5.024( )315.000(
- -
- -
- )315.000(
-
-
1.059
1.059
-
-
-
3.150.000
524.416
240.824
1.177.403
)5.024(
3.177
5.090.796
The accompanying notes from (1) to (26) form an integral part of these consolidated financial statements
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